Profits aren’t immoral—they’re necessary. Just as organisms need a net energy surplus to live, societies need profits to sustain themselves.

This is a rendition of Leonard Read‘s famous, “I, Pencil,” but with a new twist: tariffs now restrict the importation of producers‘ goods needed to make the pencil, which means…

People claim to support “equal opportunity” over the idea of equal outcomes, but when one examines both concepts, it becomes obvious that neither is possible or even desirable. Murray Rothbard…

Why do mainstream economists suddenly think clearly when it comes to tariffs—but abandon logic elsewhere? Mark Thornton unpacks why even Krugman and Marx agree with Austrians on free trade.

Stephen Richer “Our Constitution entrusts Congress and the States—not the President—with the authority to regulate federal elections.” —Colleen Kollar-Kotelly, United States District Judge On April 24, US District Court Judge…

Thomas A. Berry and Charles Brandt President Donald Trump has proclaimed himself a “drainer of the swamp” and enemy of the “deep state.” But in the Supreme Court, his administration…

It is often asserted without challenge that “life is like a race” and it wouldn‘t be a fair race without the same “starting-line.” While this analogy has some truth, it…

Alex Nowrasteh Cato recently published my newest policy analysis, “Illegal Immigrant Incarceration Rates, 2010–2023,” co-authored with Assistant Professor of Political Science at the University of Colorado-Boulder, Michelangelo Landgrave, who was…

Dr. Gordon reviews Quinn Slobodian‘s latest book trashing the Austrians, especially Murray Rothbard. Not surprisingly, Slobodian shows little understanding of the Austrians and economic history.

While focusing on the Holocaust, people often forget the economic fallacies of the Third Reich. Hitler‘s policies were based upon socialism and state control, a no regime can prosper under…